Unpredictable Bull Market: Why This Bull Market Feels Worse Than a Bear Market

Nowadays my bear market PTSD isn't letting me make any right decisions and I'm not the only one it seems like a lot of retailers are now underwater and coping after this never ending chop and dump season.

This isn't the bull market we deserves but we're witnessing one of the worst kind of bull cycle where making profits is hardly possible and losing all that profit takes is less than a day.

It's making everyone frustrated and there's only few smart money whales who are making money while rest of 90% are losing whether you want to believe it or not but it is a fact.

The Bull Market Cope

Ever since the beginning of 2023 this entire bull cycle has been the most difficult rollercoaster ride. Majority of people didn't have that certainty and conviction that market rally will continue to go up.

It went down when people expected to go up, it went up when people were sidelines scared to invest.

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Those who had invested in Altcoins spending hours doing research mostly made nothing because only a couple of altcoins performed well while rest of the altcoin market remained down.

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Both sides bear and bull suffered a lot

I've seen 2021 bull cycle and than 2022 bear market and trust me bear market wasn't as stressful as this bull market while 2021 bull market was simply the easiest one.

We all knew BlackRock ETFs will be approved and they'll buy bitcoin but still they bought those bitcoins way too smartly that most retail investors stayed sidelined coping while prices were going up and than crying when market was constantly ranging in the same price range before continuing up trend again.

I've said it before and saying it again this cycle was a physiological play. It tested your patience and emotions more like a torture.

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Hive is a fine example of Altcoins situation in this bull cycle

I've not seen hive going this low since I've joined hive blockchain in last bear market. The lowest hive went in 2022 bear market was $0.26 and now it is close to 2021 lows.

I think this is a do or die line on the chart. I'm trying to buy as much as hive possible in this price range.

And honestly I've seen many people complaining about prices while majority of the altcoins have this kind of same chart.

The fact is in this bull cycle most altcoins didn't made any move like we've seen in 2021 cycle.

This time is different, it is BTC > SOL to ETH and Memecoins to AI and RWA narratives that are changing over the time.

There's no fine demand of Altcoins in this cycle. It is either airdrop, Vc's milking from one altcoin to another and moving to another one but there's still hope we'll see Altcoins season.

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Wrapping Up...

We've had enough hearing that we deserves an altcoins season and now max pain is altcoins going down another -50% which is something I don't think will happen.

I believe we'll see Altcoins rally if not this month than next month or maybe next quarter but it'll eventually come and for that day it is best time to accumulate more altcoins and simply hold. Curious what you guys think about current market and hive price.. feel free to share your thoughts in the comments.

fin.

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All the content and images are mine except indicated. No copyright infringement intended. 20/06/2024.

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